Home / Knowledge / News / Apparel/Garments / Textile and garment import and exports on rise
Textile and garment import and exports on rise
14
Jun '10
Both imports and exports of textiles and garments are on the rise, with the slow improvement of the overall US economy.

After covering the first quarter of this year, the government trade data reveal that, yarn exports increased by 23 percent over the same period in 2009, whereas exports of fabric surged by 19 percent.

During the same time, imports of garments from all the respective sources rose by 11 percent, imports of yarn increased by 18 percent, and fabric imports have risen by 19 percent.

Accounting for nearly 80 percent of the rise in US imports, China continued to lead the garment trade, while trade from the Central America Free Trade Agreement – Dominican Republic (CAFTA-DR) area surged by 9 percent and imports from Mexico was up 9 percent.

However, in case of Mexico and CAFTA-DR, garment imports entering US duty-free should be made of or must consist of yarn and fabric made in US or other participating nations.

But the US textile producers are concerned about the fact that, majority of the garment import trade with China, was under the 'sensitive categories' of innerwear, knit shirts and trousers, for which import quotas were removed last January.

Whereas the global trade in these categories increased by merely 7 percent and the US imports of those goods from China rose by 55 percent.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search